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that substantial deficit reduction would be associated with a substantial reduction in interest rates that would push the economy forward at the more rapid pace. indeed, in an important part of the economic growth of the 1990's can properly be attributed to the unlocking of economic energy that was achieved by the 1993 budget measures, that led to a reduction in interest rate, increase in investment, accelerating growth, lower capital clause, further improvement in the deficit and so forth. that approach, a fiscal consolidationization that lead to substantial growth was a plausible and compelling vision for the country in 1993 1993, it has been a plausible and come compelling vision for other countries and times in places. you cannot fall very far out of the basic. with interest rates at 1.7% for ten years. with a real interest at the level where if you want to put your money or store your money with the government for as much as twentd years, you have to pay them for the privilege of having them hold your money. if they are going give you back inflation. in such an environment, the reduction in
and managing deficits and on unleashing the forces of innovation. from everything i've seen the u.k.'s first coalition government since churchill is meeting these challenges head-on. in the face of the most challenging economic times we have experienced in decades this is a government that is clearly not afraid to leave. and in 2010 when david cameron went down the british economy and the entire european union was in dire straits. since then as we keep reading most national governments have tried to ride out the storm buy simply putting down the hatches and hoping that the sky is will return quickly. the governments have charted a new courses that will lead them to clear skies and i think the united kingdom has been an exception and the conservative party has been the reason. [applause] prime minister kim and together with his chancellor of george osborn are creating a new course for britain. it's not easy work, and i can appreciate how hard it is to step into a crisis and make the tough decisions to overcome. i first took office in the three months after the attack of my 11 -- 9/11. we lost
this deficit. and governor dukakis has been able to cut the deficit ten budgets in a row in the state of massachusetts. while he lowered the tax burden on the people from one of the highest to one of the law were in the united states. that is a major sense of achievement and i admire that and i'm just delighted to be on the ticket with him. governor dukakis and i agree that we ought to have a trade policy for this country. but we've seen this administration more than double the national debt, that they've moved this country from the number one lender nation in the world to the number one destination in the world under their administration. they have not had a faith policy committee of let trade be a handmaiden for the policy objectives of the country. that this country has exported to many jobs and not enough profits. and as i work to pass a trade bill through the united states senate, through roadblocks every step of the way but we passed a trade bill that any country that has full access to the markets we are entitled to full access to their markets. now that means that we are going
eisenhower's progressive conservative. he believed largely in a balanced budget and he was against deficit spending but he also believed the government had a positive role to play. the interstate highway system, which eisenhower -- which was eisenhower's brainchild. [applause] more money was spent on the intraday -- interstate highway system than the new deal from 1839 to 18 to 41 with zero impact on the budget because it was paid for through gasoline taxes. [applause] thethe st. lawrence seaway connecting the great lakes, opening the great lakes to traffic again had been on the drawing board since the administration of theodore roosevelt and eisenhower -- eisenhower took, assumed the presidency in a time of mccarthyism and incredible communist witchhunt. he did it as he did so many things in the background. it was eisenhower orchestrated the army's response in the army mccarthy hearings. i'm not going to get into a contest but that stunk. and when it was over mccarthy had him vanquished but i think it was the desegregation issue perhaps in which eisenhower most often underestimated. presi
would call these gimmicks, the full ten year cost of this bill has of $460 billion deficit. the second has a one half trillion dollar deficit. probably the most cynical gimmick in this bill is something that we all probably agree on. we don't think we should cut doctors' 21% next year. we stop those cuts from occurring every year for the last seven years. we all call this the toxics. well, according to your numbers it cost her her $71 billion. it was in the first iteration of all these bills. because it was a big price tag and made the score look bad, may look like a deficit, that provision was taken out and has been going on in stand-alone legislation. ignoring these costs does not remove them from the backs of taxpayers. hiding spending does not reduce spending. and so when you take a look of this is just as not add up. let's finish with the cost curve. we bending the cost curve down or up? well, if you look at your own chief actuary of medicare revenue up. he is time we are going up $222 billion, adding more to the unsustainable fiscal situation we have. and so when you take a look
to fix this borrowing debt deficit issue in the book, vice president biden's chief of staff, talking about the economic crisis in 2011, that's exactly what is going on. there is so much evidence that it is the biggest future. we are on the path becoming europe and greece. you just can't keep borrowing money. there is a stunning and fiction in this country, and we need some sort of we need some serious intervention. in the book, what i attempt to do is take people to the presidents and leaders and tell you exactly because of the luxury of time and my publisher, simon & schuster, i declined to get the meeting notes to get the exact detail to interview president obama and speaker boehner and the key players in this. i just want to take one quick snapshot from what happened that we didn't know about, which is critical. when the cops pull up less when the president was upset, he called the congressional leaders on a saturday morning at 11:00 o'clock a.m. something in democratic andemoat republican leader were trying to work outth the own deal harry reid, the democratic leader, said to the
building but at least he had the right message. your sign said reduce deficits and you thoughted no blood for oil. and you were chained to a rural health organization. what's your message? >> well, -- >> so wrong building, unclear message, but at least jody reached the people. >> how long before someone noticed you? >> 18 hours. [laughter] >> why do you think people ignored you? >> i think people don't like to think about the troubles in the international spectrum right now. >> not because you were below sidewalk level? jody brought me to the place where, for some reason, no one saw him. you were chained where? >> just to this door handle here. >> okay. and was this sign here when you -- >> actually it was. >> did you read this sign? >> after i locked to the door handle. >> yes, after he locked to the door handle. but every good protester has a contingency plan. >> when you found out you were in the wrong place you just unlocked yourself and moved, right? >> no. because i didn't have the key. i, went to the demonstration -- >> forgot it? left it somewhere? >> i left it in the car way was
've caught this witching hour is sequestering in the bush era tax cuts and the deficit ceiling staring us in the face. and yet the good news for the country is we at least have two vice presidential candidates that seem to have some courage and they say what they want to say. now whether the people who would pick them to run when it's our happy about it, i don't know. but she can't say that either ryan or biden are shrinking violet spirit good for them. but you agree or not, least you know where they stand. >> are you on not click >> i agree entirely. one of the big problems we have in this country, there'll be sold industrial cities that have been hollowed out. not true because you're the big big stem group appear and it's got a history and there's a race to beat your chicago or new york and other cities, but then their cities that have left and half the city's big day, house of flying down, no traffic on the wrist. it got too many classrooms, not too few as we do. the caution is, what can you do about it? i was asked about it and i picked detroit as an example. with the federal governme
is the lineup in the case as far as the deficits, who will hear it and decide? >> only eight justices will decide because justice elena kagan is recused having worked. so eight justices. it's a pretty good bet that for more conservative justices will vote to if not strike down entirely, limit the use of race. the others will go the other way and as usable, justice anthony kennedy will hold the deciding vote. he has on the one hand said some positive things about using race and about the importance of diversity. on the other hand, he's never in his career and voted to uphold an affirmative action plan so she is a real wild card. >> is it possible this could be a 4-4 decision? >> it's not likely that it's possible and if it were, that would have the effect without opinion and without reasoning from the supreme court automatically affirming the decision below which had up held the texas program manning the split would equal that affirmative action stays the way we know it today. >> is the university of texas the only school that uses this type of system? >> that's right this combination
Search Results 0 to 9 of about 10 (some duplicates have been removed)

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